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Is HUF as a tax saving option losing its sheen?

The Hindu Undivided Family (HUF) has long been a preferred entity for its provision of various tax-saving tools for assesses under income tax (I-T). It has however lost popularity after the courts ruled that daughters are entitled to inheritance. Wealthy families and middle-class ones don’t prefer to form HUFs now as the courts have ruled that daughters continue to be an equal partner of their father’s HUF even after marriage. They fear that when a daughter continues to be a member, it can lead to legal complications such as the rights of her children in her father’s HUF.


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